Dear Trader, I hope you're having a great weekend and are getting rested and recharged for the week ahead. In this issue of the Big Energy Profits newsletter we'll dive into: - The 4 Most Profitable Trading Methods REVEALED!
- Most Traders Have It All Wrong (Correct This ASAP for More Profits)
- New European Lockdowns Dry Up Oil Demand
Please enjoy, and have a blessed week! | | | | Crude News The oil price rally halted on Thursday, weighed down by the steady rise in coronavirus infections and as the outcome of the U.S. presidential election had still not been settled. The European Union's executive commission lowered its economic forecast Thursday morning, adding that said the economy wouldn't rebound to pre-virus levels until 2023. Italy posted its highest one day of infections on Thursday, while the United States surpassed 100,000 infections in a day last week, a record. There's fatigue from the market on the renewed lockdown and the efforts and the damage to be done to the economy. The lockdowns in Europe will remove 1.5 million barrels a day of
demand. Oil prices had surged on Wednesday on growing expectations that the Organization of the Petroleum Exporting Countries (OPEC) and its allies, together called OPEC+, would hold off on bringing back 2 million bpd of supply in January, given demand has been sapped by new COVID-19 lockdowns. Want to learn how you can get access to my members-only daily, weekly and monthly energy sector analyses, trade ideas and managed trade alerts? Click right here to view a free training video!
| | | | Most Traders Have It All Wrong...
Most people think that trading stocks is all about picking winners. But they're wrong...
Becoming a self-sufficient trader has less to do with the stocks you trade and more to do with how you trade them.
Don't get me wrong. Trading the right stocks is important. But picking the right stocks is just one piece of the puzzle.
The real secret to trading stocks and consistently earning a profit is to set a trading plan and then stick to that plan.
If you have the right trading plan, you can predictably profit from the market every single month.
For example, the Rule of 72 can work as a powerful trading strategy that can double your trading profits every 36 trading days.
The process may seem slow at first, but the profits can be huge if you just stick to the plan.
Click Here to Uncover the Secrets Behind the Rule of 72 and Doubling Your Trading Profits This Month!
| | | | Monthly Market Analysis
The mid $34.00 price area can contain selling through the balance of the year, above which the $41.00 price area remains a several week objective. The $49.00 long-term price area resistance is likely attainable over the next several months.
Upside, the $41.00 price area can contain buying through November, while closing above the $41.00 price area potentially indicates the $49.00 price area within several weeks, where the broader market can top out well into next year.
Downside, a daily settlement below the $34.00 price area would likely indicate the mid $25.00 price area within several weeks, where the market can double-bottom through winter and possibly well into next year.
| | | | Yearly Cycle Analysis - The 10 year cycle makes a major high on November 11th and then makes a double bottom on November 17th and 23rd before rallying strongly.
- The 20 year cycle makes a low on November 3rd, rallies into November 18th price then heads sideways before selling off.
- The 30 year cycle makes a double top on November 1st and 8th then sells off into November 20th before rallying into November 28th.
| | | | Anthony Speciale Jr Editor & Chief Investment Strategist, Big Energy Profits
Hawkeye Traders
team1@hawkeyetraders.com
hawkeyetraders.com
Call us: (888) 233-8598
| | | | DISCLAIMER: * Futures, stocks, and spot currency trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures, stocks, and forex markets. Don't trade with money you can't afford to lose. This website is neither a solicitation nor an offer to Buy/Sell futures, stocks or forex. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. Past performance of indicators or methodology are not necessarily indicative of future results. CFTC Regulation 4.41 These results are based on simulated or hypothetical performance results that have certain inherent limitations. Unlike the results shown in an actual performance record, these results do not represent actual trading. Also, because these trades have not actually been executed, these results may have under-or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated or hypothetical trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to these being shown. We'll always treat your personal information with the utmost care and will never sell it to third parties. You can find out more about what data we hold about you, why we need it, and how we keep that information safe in our Privacy Policy. | | | | |
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